Suppose the total benefit and total cost to society of various levels of pollution abatement are as follows: Complete column (4). (Enter your responses as integers.) (1) Pollution Abatement (2) Total Benefit (3) Total Cost (4) Total Net Benefit (5) Marginal Benefit (6) Marginal Cost 0 0 0 nothing — — 1 22 9 nothing 2 42 20 nothing 3 60 33 nothing 4 76 48 nothing 5 90 65 nothing 6 102 84 nothing (1) Pollution Abatement (2) Total Benefit (3) Total Cost (4) Total Net Benefit (5) Marginal Benefit (6) Marginal Cost 0 0 0 — — 1 22 9 13 2 42 20 22 3 60 33 27 4 76 48 28 5 90 65 25 6 102 84 18 Using optimization in levels, if the U.S. Environmental Protection Agency (EPA) wants to maximize total net benefit, then it should require.... unit(s) of pollution abatement. (Enter your response as an integer.) Complete columns (5) and (6), starting with the step from 0 to 1 unit of pollution abatement. (Enter your responses as integers.) (1) Pollution Abatement (2) Total Benefit (3) Total Cost (4) Total Net Benefit (5) Marginal Benefit (6) Marginal Cost 0 0 0 — — 1 22 9 13 nothing nothing 2 42 20 22 nothing nothing 3 60 33 27 nothing nothing 4 76 48 28 nothing nothing 5 90 65 25 nothing nothing 6 102 84 18 nothing nothing Using the Principle of Optimization at the Margin, if the EPA wants to maximize total net benefit, then it should require.... unit(s) of pollution abatement. (Enter your response as an integer.)
Suppose the total benefit and total cost to society of various levels of pollution abatement are as follows: Complete column (4). (Enter your responses as integers.) (1) Pollution Abatement (2) Total Benefit (3) Total Cost (4) Total Net Benefit (5) Marginal Benefit (6) Marginal Cost 0 0 0 nothing — — 1 22 9 nothing 2 42 20 nothing 3 60 33 nothing 4 76 48 nothing 5 90 65 nothing 6 102 84 nothing (1) Pollution Abatement (2) Total Benefit (3) Total Cost (4) Total Net Benefit (5) Marginal Benefit (6) Marginal Cost 0 0 0 — — 1 22 9 13 2 42 20 22 3 60 33 27 4 76 48 28 5 90 65 25 6 102 84 18 Using optimization in levels, if the U.S. Environmental Protection Agency (EPA) wants to maximize total net benefit, then it should require.... unit(s) of pollution abatement. (Enter your response as an integer.) Complete columns (5) and (6), starting with the step from 0 to 1 unit of pollution abatement. (Enter your responses as integers.) (1) Pollution Abatement (2) Total Benefit (3) Total Cost (4) Total Net Benefit (5) Marginal Benefit (6) Marginal Cost 0 0 0 — — 1 22 9 13 nothing nothing 2 42 20 22 nothing nothing 3 60 33 27 nothing nothing 4 76 48 28 nothing nothing 5 90 65 25 nothing nothing 6 102 84 18 nothing nothing Using the Principle of Optimization at the Margin, if the EPA wants to maximize total net benefit, then it should require.... unit(s) of pollution abatement. (Enter your response as an integer.)
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter12: Environmental Protection And Negative Externalities
Section: Chapter Questions
Problem 12SCQ: Consider the case of global environmental problems that spill across international borders as a...
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Question
Suppose the total benefit and total cost to society of various levels of pollution abatement are as follows:
Complete column (4).
(Enter
your responses as
integers.)
(1)
Pollution Abatement
|
(2)
Total Benefit
|
(3)
Total Cost
|
(4)
Total Net Benefit
|
(5)
Marginal Benefit
|
(6)
Marginal
Cost
|
0
|
0
|
0
|
nothing
|
—
|
—
|
1
|
22
|
9
|
nothing
|
|
|
2
|
42
|
20
|
nothing
|
|
|
3
|
60
|
33
|
nothing
|
|
|
4
|
76
|
48
|
nothing
|
|
|
5
|
90
|
65
|
nothing
|
|
|
6
|
102
|
84
|
nothing
|
|
|
(1)
Pollution Abatement
|
(2)
Total Benefit
|
(3)
Total Cost
|
(4)
Total Net Benefit
|
(5)
Marginal Benefit
|
(6)
Marginal
Cost
|
0
|
0
|
0
|
|
—
|
—
|
1
|
22
|
9
|
13
|
|
|
2
|
42
|
20
|
22
|
|
|
3
|
60
|
33
|
27
|
|
|
4
|
76
|
48
|
28
|
|
|
5
|
90
|
65
|
25
|
|
|
6
|
102
|
84
|
18
|
|
|
Using optimization in levels, if the U.S. Environmental Protection Agency (EPA) wants to maximize total net benefit, then it should require.... unit(s) of pollution abatement.
(Enter
your response as an
integer.)
Complete columns (5) and (6), starting with the step from 0 to 1 unit of pollution abatement.
(Enter
your responses as
integers.)
(1)
Pollution Abatement
|
(2)
Total Benefit
|
(3)
Total Cost
|
(4)
Total Net Benefit
|
(5)
Marginal Benefit
|
(6)
Marginal
Cost
|
0
|
0
|
0
|
|
—
|
—
|
1
|
22
|
9
|
13
|
nothing
|
nothing
|
2
|
42
|
20
|
22
|
nothing
|
nothing
|
3
|
60
|
33
|
27
|
nothing
|
nothing
|
4
|
76
|
48
|
28
|
nothing
|
nothing
|
5
|
90
|
65
|
25
|
nothing
|
nothing
|
6
|
102
|
84
|
18
|
nothing
|
nothing
|
Using the Principle of Optimization at the Margin, if the EPA wants to maximize total net benefit, then it should require.... unit(s) of pollution abatement.
(Enter
your response as an
integer.)
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